AVXL,...is it time to look at close up intraday ?
Its crafting a tighter zone now, from 5.25 to 5.55,, what might it do at key points now, it might create a "triangle terminal" around 5.35-5.40 to end the week. that will Have to break in some direction next week.
I'm guessing a break downward would be looking to retest the 5.25/5.20/5.15/5.10,and a break upward would be wanting to retest the 5.55/5.60/5.65/5.70 area.
the latest bounce from 5.26 to 5.38,already got sold back down to 5.32,it was fast moving pattern making,intraday today. I'm watching Resistance overhead (5.40-5.55) and support below (5.32-5.10)
C,what do your short time frame charts look like to you.??
